5505-3-04
Reemployed retirants.

(A)
A
retirant whose reemployment, whether full-time or part-time, is covered by one
of the other Ohio public retirement plans is subject to the following:

(1)
If reemployment occurs prior to the
pension eligibility date, or before the end of thirty days following the
pension eligibility date, two months' pension allowance shall be
forfeited.

(2)
If reemployment
occurs after thirty days but before the end of sixty days following the pension
eligibility date, one month's pension allowance shall be forfeited.

(3)
A DROP
participants' pension eligibility date is the day following the event
terminating the member's participation in DROP as defined by sections
5505.55,
5505.56, and
5505.58 of the Revised
Code.

(4)
Notwithstanding the
prior provisions, if reemployment occurs sixty days or more prior to the
pension eligibility date, no pension allowance shall be forfeited.

(B)
If a pension allowance has
been paid to a reemployed retirant who is not entitled to it because of
paragraph (A) of this rule that amount shall be withheld from future payments
due to the retirant. In the event that future payments due to the retirant are
less than the amount to be forfeited, the retirant must immediately reimburse
the system for the difference.